$BTC / $USD - Update
$65,600 is the key level to hold today. Lose that and i will take some shorts, but hold and i will long up to the untested range highs
The weekly RSI is behaving just like it did around the previous cycle bottoms.
Bottom should be close, or already in - if this signal plays out the same way once more.
$BTC
$BTC / $USD - Update
My only concern is this wave here circled, it is a 3 wave not a 5 wave, so this is the middle of something.
In my opinion it looks like the middle of a B wave, meaning we are coming off the impulse before the final drop. I will only short if we lose $61,100 and hold below. Then longs will be looked for, main focus is longs up to $67,000 -$70,000
$BTC Go where you need to go, but don't take any risks. Move the stop below the low (close to the entry point to avoid losses).
If it hits that level, we will only enter if it confirms the flip on Monday's low.
This is trading, guys. Trade intelligently.
Jeffrey Epstein’s involvement in Bitcoin was clearly driven by his need for a tool he could use for drug and sex trafficking.
A newly released 69-page DEA memo, hidden in the Epstein files, details a five-year federal probe into Epstein for wire transfers linked to “illicit drug and/or prostitution activities” in the U.S. Virgin Islands and New York.
The investigation, launched in late 2010, tracked over $50 million in suspicious fiat transfers to accounts in Switzerland, France, the Cayman Islands, and New York.
A few months later, in 2011, Epstein began researching alternatives, and he came across Bitcoin. He reached out to top Bitcoin leaders, held private meetings with them, and invested heavily in the sector, at one point controlling over 60% of its developers.
The timing is not a coincidence.
The $BTC dominance seems to be breaking down.
It's making a lower high, and therefore, a continuation of this trend is likely to expect.
I stlil stand by the thesis that it's more of an $ETH bull market already than a Bitcoin bull market, so I would expect Ethereum to continue pacing upwards.
$BTC has spent over 8 years inside this rising channel, and I don't think we're leaving it anytime soon.
Channel lows are currently at $50k, and climbing every week.
Keeping a close eye on this one.